- From the magazine: This recession is different. Don’t expect Washington to help.
- Minor stimulus a la December 2010’s tax cut deal may be on the table in debt ceiling talks.
- It goes without saying, but more polls find widespread economic pessimism means problems for Obama.
- The White House floats Warren deputy and former banker Raj Date for consumer bureau chief.
- Banks lost to retailers on swipe fees.
- The case for excising Weiner’s district through redistricting.
- The Rick Perry for President trial balloon is officially flying.
- Bill Kristol hears Rudy Giuliani is running.
- Jon Huntsman communications strategy: don’t say anything specific about anyone in particular.
- Steven Pearlstein on Romney’s claim that we’re “inches” from losing the free market system:
The Bolsheviks have taken over, capitalism as we know it is about to come to an end and, yet, somehow the Dow Jones industrial average has gained 47 percent since the Obama inauguration, private-sector profits are back at record levels and business investment in new equipment and software is growing at the annual rate of 11.7 percent.
One might add that the (disappointingly few) jobs being added right now are all in the private sector as local and state government payrolls continue to hemorrhage.
- And Steve Jobs pitches the Cupertino city council.